Evidence that cash flow has a significant effect on company investment spending, after controlling for Tobin's average Q, has often been interpreted as suggesting the importance of financing constraints. Recent work on measurement error in the Q model casts doubt on this interpretation. It is...

This report describes the survey that was carried out in 122 communities in rural Colombia bythe consortium formed by the Institute for Fiscal Studies, Econometria and SEI as the baselinefor the impact evaluation of Familias en Acción, a programme to foster the accumulation of human capital in...